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Centerstate Bank Mid Florida

Leesburg, FL · Cert 57334

FDIC

Q3 2007

$99.8MAssets
$66.6MLoans
$80.0MDeposits
$16.3MEquity
Deposit mix
88%Interest-bearing $70.5M12%Noninterest $9.5MQ3 2006Q3 2007

NIM

4.39%Q3 ’054.16%Q3 ’066.56%Q3 ’07-3%+21%

Non-interest income vs. expense

3.10%Q3 ’052.16%Q3 ’063.26%Q3 ’07-27%+48%

Executive Summary

  • Earnings: ROA of 0.20%, down 34 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 83.31% of deposits as of Q3 2007.

Financial Results

Return on Assets (YTD, annualized)

0.20%-34 bps YoY

Net Interest Margin (YTD, annualized)

3.40%+58 bps YoY

Efficiency Ratio (YTD, annualized)

74.01%+1,644 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets0.54%0.55%0.29%0.24%0.20%-34 bps
Return on Equity3.33%3.43%1.76%1.49%1.22%-211 bps
Net Interest Margin2.82%3.07%3.53%3.37%3.40%+58 bps
Efficiency Ratio57.58%59.43%74.63%74.58%74.01%+1,644 bps
Non-Interest Burden1.96%2.21%3.04%2.91%2.91%+95 bps
Growth
Asset Growth (YoY)31.13%43.44%4.58%10.66%6.85%-2,427 bps
Loan Growth (YoY)37.41%21.70%14.30%21.02%18.75%-1,866 bps
Deposit Growth (YoY)18.52%36.38%0.47%12.64%8.61%-991 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%0.07%0.00%0.00%0.00%-8 bps
Allowance / Loans1.15%1.12%1.07%1.08%1.21%+6 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital12.45%12.71%12.61%12.60%12.54%+9 bps
Equity / Assets17.08%16.40%16.52%15.45%16.29%-79 bps
Liquidity & Funding
Loans / Deposits76.20%71.20%77.98%75.99%83.31%+711 bps
Liquid Assets / Assets5.61%5.41%5.46%4.20%2.42%-319 bps
CRE / Total Capitaln/an/an/an/an/an/an/a